FERRARI NV (RACE) Stock Technical Analysis
NYSE:RACE - New York Stock Exchange, Inc. - NL0011585146 - Common Stock - Currency: USD
Taking everything into account, RACE scores 0 out of 10 in our technical rating. RACE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
74% of all other stocks performed better in the past year than RACE.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
RACE is an average performer in the Automobiles industry, it outperforms 52% of 37 stocks in the same industry.
RACE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RACE is lagging the market.
In the last month RACE has a been trading in the 428.00 - 519.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RACE has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 447.93, a Stop Loss order could be placed below this zone.
More info and screens
400.95
522.84
When analyzing the support we can see 3 important areas.
- A support zone ranging from 433.98 to 447.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 414.84 to 417.42. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @405.00 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 471.11 to 478.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @508.15 from a horizontal line in the daily time frame.
- A resistance zone ranging from 517.66 to 517.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for RACE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RACE is down. |
| ChartMill Relative Strength | 26.13 | NEGATIVE | RACE has a low relative strength, it was outperformed by 73.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RACE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RACE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RACE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.56 | NEUTRAL | The RSI value for RACE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests RACE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.71 | NEUTRAL | The Stochastics value for RACE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for RACE suggests some volalility. |
| Average Directional Index/ADX (14) | 27.32 | POSITIVE | The high ADX value value for RACE suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
460.55
-3.88 (-0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg-0.84%
1 Week3.76%
2 Weeks5.57%
1 Month-8.87%
3 Month-7.66%
6 Month-8.59%
12 Month0.18%
2 Year44.95%
3 Year136.59%
5 Year136.48%
10 YearN/A
15 YearN/A
Volatility
ATR(14)12.49
ATR(20)%2.47%
ATR Inc-13.73%
Range Today7.24
ADR(20)8.56
ADR(20)%1.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.13
Mansfield-0.9
10 Day High466.86
10 Day Low435.29
20 Day High519.1
20 Day Low428.01
52 Week High519.1
52 Week Low391.54
CS1 End447.93
CR1 Start471.11
Volume & EV
DER(3)-2.57%
DER(5)-1.72%
Volume314.10K
Volume Incr-20.63%
Vol(5)446.52K
Vol(50)433.19K